Thousands of UK businesses could lose out on critical Research and Development (R&D) tax relief due to new pre-registration requirements by HMRC. Companies must now register their intention to claim within six months of their financial year-end, or risk missing out on valuable tax relief, sometimes exceeding 20% of R&D spend.
Prime Minster Rishi Sunak mounted a charm offensive at this year’s NFU Conference, telling farmers he was determined to ensure they are ‘treated fairly’ and acknowledging their ‘central role’ in British life.
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options
HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD ITSA) as announced in the Autumn Statement 2023.
HMRC has updated the advisory fuel rates for employees reclaiming business travel in company vehicles.
HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.